In a carry trade, you borrow money in a country with low interest rates and use it to buy a higher-interest-rate currency like the dollar.
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Assets under management requirements are becoming a high hurdle for early-career advisors looking for a new role.
A new division will connect the firms’ wealthiest clients with other products and services on the Bank of America platform.
Owning a Rolls-Royce is pretty good. But is it really that impressive when you could have a unique Rolls-Royce?